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Amerindo Founders
Indicted on New Charges

The two founders of Amerindo Investment Advisors Inc. were indicted on new charges for using investor funds for their personal use.

The indictment, handed up by a federal grand jury yesterday, charges the men with conspiracy, money laundering and multiple fraud charges. It largely mirrors the allegations in the indictment filed against Amerindo co-founder Alberto Vilar last month. The new indictment adds co-founder Gary Tanaka as a...